CHICAGO, Nov. 18, 2011 /PRNewswire/ -- Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List - Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): P.H. Glatfelter Company (NYSE: GLT) and Foster Wheeler AG (Nasdaq: FWLT). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Shaw Communications Inc. (NYSE: SJR) and The Scotts Miracle-Gro Company (NYSE: SMG).
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To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92
Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.
Here is a synopsis of why GLT and FWLT have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:
P.H. Glatfelter Company (NYSE: GLT) announced third-quarter profit of 28 cents per share on November 1 that missed analysts' expectations by 17.65%. The Zacks Consensus Estimate for the current year slid to 91 cents per share from $1 per share in the last 30 days as next year's estimate dipped 25 cents per share to $1.10 per share in that time span.
Foster Wheeler AG (Nasdaq: FWLT) posted a third-quarter profit of 33 cents per share on November 2, which came in 11 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $1.53 per share from $1.67 per share over the past month. For 2012, analysts expect a profit of $1.99 per share, compared to last month's projection for a profit of $2.23 per share.
Here is a synopsis of why SJR and SMG have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;
Shaw Communications Inc. (NYSE: SJR) fourth-quarter profit of 34 cents per share, posted on October 20, lagged analysts' projections by 2.86%. Estimate for current year slid 6 cents per share to $1.67 per share over a month as next year's estimate dipped 9 cents per share to $1.76 per share in that time span.
The Scotts Miracle-Gro Company (NYSE: SMG) reported a fourth-quarter loss of 46 cents per share on November 8 that fell 2.22% short of the Zacks Consensus Estimate. The full-year average forecast is currently $2.82 per share, compared with last month's projection of $3.21 per share. Next year's forecast dropped to $3.32 per share from $3.78 per share in the same period.
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About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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